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76 Lower Baggot Street, Dublin 2

€37,000,000 - Asking Price Sale Agreed

Description

Cushman & Wakefield are pleased to present details on this unique opportunity to acquire an iconic Sam Stephenson designed prime office investment in the heart of Dublin’s Central Business District

•Carefully and thoughtfully refurbished to a high standard in late 2014/2015 including M&E upgrades

•5 storeys of Grade A offices over basement extending to 41,716 sq ft NIA (3,875.54 sq m)

•100% occupied generating a rental income of €2,021,000 per annum

•4 Multi-National tenants Storyful, Fitbit, DMS Governance and Sanne Group

•Weighted average unexpired lease term across the entire approx. 7.03 years to the break

•All new leases from 2015/2016

•Secure basement car parking for 50 cars

•Further potential to add 9 surface car parking spaces

Nearby occupiers to name a few include IBEC, LinkedIn, Bank of Ireland, HSE, Shire Pharmaceuticals, Bord Gais and NTMA

•BER Numbers available upon request

•Freehold

Guide Price sought in excess of €37,000,000 reflecting a net initial yield of 5.23% assuming standard purchasers costs of 4.46%

BER Information

  • Rating: BER B3C2
  • Certificates are available from the agent.

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